This year our maid going to enter her 9th years working as a maid for us. Having her really helps our daily life. Our main concern are mainly to have someone trusted to take care of our children while we working.

We came to know that in 2018 government released new rules ~ which every odd year maid permit renewal need to do health check through Fomema. Then can proceed with permit renewal. We just knew of that rules like less than 2 months from expiry … agak panic and kelam kabut dibuatnya especially me… the wife.

fomema rules

I read lots of negative comments in fomema fb for period of Jan – Mar of year 2018. Complaints on the systems, response time and pending password. I decided to asked within my kids – parents Whatsapp group for any of other mommies experience to share. To my surprise feedback is good and some of them just knew of that rules – (credit to me for the announcements)

Step 1

Registered online for Fomema at https://portal.fomema.my/

Make sure passport expiry must exceed than next renewal permit expiry date (if not you need to renew passport first before can proceed with immigration)

Validity for Fomema results is within 30 days for you to proceed with immigration within the validity period.

Iklan

Step 2

after registered i immediately received email for registration ID to proceed with registration.

We need to put details of maid and employer as per passport details.

Choose panel clinic neared to you.

Made payment online via FPX totaling of RM191.00 to Fomema Sdn Bhd.

Print check up slip (consists of slip for clinics, lab, xray and employer)

Step 3

Bring maid to panel clinics registered together with passport and fomema slip.

I have been a landlord since 2008. It has been 10 years now. Based on my own experience, there are few type of tenants.

Tenants can break or make your life easy. Therefore, it is crucial to screen tenant carefully.

So I came out with my own guidelines to screen my tenants. I made mistakes at the beginning because I want so bad to have my unit occupied and money flowing in.

Based on my bad experience, I would rather leave my unit vacant till I ll get the good one.

Below are my guidelines based on my experience. Other landlords might have different views. I don’t suggest anyone to follow blindly my guidelines.

Few criteria to be considered:

Household Type

Attitude

Appearance

Financial Strength

1. Household Type

Household Type \
Factors

Family with Young Kids

Family No Kids

Single Alone

Together with Friends (Men)

Period of stay

2 - 4 years

2 - 4 years

3 - 4 years

1 - 2 years

Rental income

Sustainable

Sustainable

Sustainable

Ask for discount if one of members leave and no replacement

Pay on time

Yes

Yes

Yes

No if suddenly one of members leaves

House conditions

Graffiti on wall

Clean

Clean

Dirty

Complaints

Sometimes

Sometimes

Sometimes

Sometimes

Utilities are paid?

Yes

Yes

Yes

Need to monitor and inform

Person in charge

Remain the same

Remain the same

Remain the same

Keep changing

Recommended

Yes

Yes

Yes

No

2. Attitude

Ensure tenants are soft spoken, not demanding or not complaining so much on the house. Example saying the house has so much dust (even in actual fact no). If not, if they become your tenants, they will make your life miserable by complaining a lot.

3. Appearance

Appearance is important to check whether the tenants will take care of your unit or no.
You can check whether their hair is well trimmed, taken care off. Their shirts are ironed. Besides, if can meet them near their car would be good. You can see whether their car is a mess or not.

4. Financial Strength

You can check this one easily by asking for deposit. If they negotiate please raise the red flag.

Please also try to dig where do they work to check sustainability of their income.

If you are Malaysian and never been to Sabah …. rugi wooo… you should buy ticket now.

A lot of places for you to visit there especially pada sesiapa yang suka pada nature (alam semulajadi) – here is the right place for you to go. I’ve been to KK if not mistaken dah 6 kali.

so this one in 2018, i share with you a bit of photos of places that we went;

MARI-MARI CULTURAL VILLAGE – Inanam

We went there just to do sight seeing of the waterfall / river and tak bawa any extra clothes.

Bila dah sampai menyesal la pulak sebab kids nak mandi, – since they all consider not yet teenage so mandi dengan apa pakaian yang ada. We lepak for less than an hour jadilah. So kalau nak datang sini kena plan betul-betul. Bawah ni ada map so u can see what they have there;

Map Mari-Mari Cultural Villageriver

http://marimariculturalvillage.com

NEXUS RESORT & HOTEL KARAMBUNAI

Here the second time we stay at Karambunai, first time in year 2016 we stayed at Rasa Ria Resort & Spa (http://www.shangri-la.com/kotakinabalu/rasariaresort/) nice place to stay also (next time will share on this). Back to Nexus ya;

Assumptions:

1) The investment is for rental play
2) No problem on Loan to value (LTV) of 70% on third property as if I could use my wife name.
3) I don’t include MRTA cost because can’t find MRTA calculator online
4) I don’t include property valuation report fee in the calculation

What Factors I need to Consider?

1) Profit – of course
2) Risks – which investment give me less risk?

Scenarios to Do the Calculations

1) Terrace house is located at Bukit Jelutong
2) Apartments are located at Kota Damansara

Terrace House at Bukit Jelutong

From mudah.my, average selling price for a standard terrace house is more or less around RM750k Assume, after negotiation I manage to purchased the property at RM750k.

Again from mudah.my, average asking rental is RM2,200 per month.

terrace bukit jelutong rm750krental bukit jelutong terrace

Apartments at Kota Damansara

From mudah.my average selling price is around RM270k. Assume, after negotiation with the owners, I purchased all three properties at RM250k each.

Average asking rental price is RM1,200 based on listing at mudah.my

kota damansara apartmentkota damansara apartment rental

The Calculations

calculation rm750k or rm250k x 3

Conclusions:

1) Profit – Apartments x 3 produce less loss vs one terrace house
2) Risks – put all your egg in one basket is riskier. If the terrace house is vacant, loss of income is 100%, while if only one apartment is vacant out of three, at least still can get 2/3 of rental income.

Recommendation:

To invest in RM250k apartments (3 units of them).

Of course all these analysis is based on numbers only not considering other factors, like JMB of the apartment. Sometime apartment degrade quickly if JMB doesn’t manage well the apartment.